Posted at 14 May 2026 / Categories Market Roundups
Market Roundup
•US PPI (MoM) (Apr): 1.4%, 0.5% forecast, 0.7% previous.
•US Core PPI (MoM) (Apr): 1.0%, 0.3% forecast, 0.2% previous.
•US PPI ex. Food/Energy/Transport (MoM) (Apr): 0.6%, 0.2% previous.
•US PPI (YoY) (Apr): 6.0%, 4.9% forecast, 4.3% previous.
•US PPI ex. Food/Energy/Transport (YoY) (Apr): 4.4%, 3.7% previous.
•US Core PPI (YoY) (Apr): 5.2%, 4.3% forecast, 4.0% previous.
• US Crude Oil Imports -0.318M, 1.415M previous.
• US Gasoline Inventories -4.084M, -2.850M forecast, -2.504M previous.
• US Crude Oil Inventories -4.306M, -2.000M forecast, -2.313M previous.
Looking Ahead Economic Data (GMT)
• No Events Ahead
Looking Ahead Events And Other Releases (GMT)
•No Events Ahead
Currency Forecast
EUR/USD : The euro dipped on Wednesday investors watched developments around the Middle East conflict and U.S. President Donald Trump's visit to China. Markets were in "wait-and-see" mode as attention turns to U.S. President Donald Trump's summit with Chinese counterpart Xi Jinping in Beijing later this week.Trump said he would urge China's Xi Jinping to "open up" to U.S. business on his way to a summit in Beijing. On the data front,Eurozone economic growth slowed further in the first quarter of 2026 as higher energy costs, weak industrial activity, and lingering geopolitical uncertainty continued weighing on momentum.According to Eurostat’s flash estimate, seasonally adjusted GDP rose just 0.1% qoq in the Eurozone, down from 0.2% growth in Q4 of 2025. Across the broader European Union, GDP increased 0.2% qoq, unchanged from the previous quarter.. Immediate resistance can be seen at 1.1748(SMA 20), an upside break can trigger rise towards 1.1801(50%fib).On the downside, immediate support is seen at 1.1701(61.8%fib), a break below could take the pair towards 1.1651(Lower BB).
GBP/USD: Sterling fell against dollar on Wednesday as Prime Minister Keir Starmer's grip on power weakened .Investors, already ?unsettled by the Middle East impasse and rising oil prices, are contending ?with fresh uncertainty over the government's leadership, with a stream of headlines ?casting doubt on Starmer's ability to stay at the helm.Meanwhile, U.S. President Donald Trump's state visit to China for talks with Chinese President ?Xi Jinping ?is in focus. Investors ?were also worried ?that a potential ?successor to Starmer might advocate for increased spending, despite Britain's already strained finances. Trump told reporters he does not need ?Beijing's help to end the war with Iran, but the high-stakes meeting is expected to include discussions ?on trade, Taiwan and Iran. Immediate resistance can be seen at 1.3563(50%fib), an upside break can trigger rise towards 1.3625(Higher BB).On the downside, immediate support is seen at 1.3501(May 12th low), a break below could take the pair towards 1.3430(61.8%fib).
USD/CAD: The Canadian dollar edged lower for a sixth straight day against its U.S. counterpart on Wednesday, as the greenback posted broad-based gains and minutes from the Bank of Canada's latest policy decision showed the central bank was ?content to remain on the sidelines.The BoC's Governing Council felt it could afford ?to be patient and hold interest rates at 2.25% ahead of its April 29 ?announcement, while acknowledging the situation might change quickly.Data on Friday showed that Canada's economy lost 17,700 jobs in April and the unemployment rate rose to a six-month high of 6.9%, indicating continued weakness in ?a labor market ?that has struggled ?in the face of trade uncertainty.Still, investors are betting that the Bank of Canada will raise interest rates twice by ?December as the recent surge in oil prices boosts the inflation ?outlook. Immediate resistance can be seen at 1.3733(50%fib), an upside break can trigger rise towards 1.3773(50%fib).On the downside, immediate support is seen at 1.3651(38.2%fib), a break below could take the pair towards 1.3619(May 7th low)
USD/JPY: The U.S. dollar strengthened against yen on Wednesday as dollar was supported by stronger-than-expected US inflation data that reduced expectations for Federal Reserve interest rate cuts.US consumer inflation rose 3.8% in April, above forecasts of 3.7% and the highest since May 2023, as surging energy prices tied to the Middle East conflict added to price pressures. A sudden move stronger on Tuesday had stoked speculation of a "rate check" by authorities, which is often a precursor to a currency intervention.Japan recent foreign exchange intervention may have kept the yen from sliding below the 160-per-dollar mark but it is unlikely to have a lasting effect in propping up the sagging currency, former Bank of Japan Governor Haruhiko Kuroda said on Wednesday. Immediate resistance can be seen at 158.00(38.2%fib) an upside break can trigger rise towards 158.36(Higher BB) .On the downside, immediate support is seen at 156.70(Daily low) a break below could take the pair towards 155.82(Lower BB).
Equities Recap
European shares ended higher on Wednesday, led by gains in mining stocks, though caution lingered as investors weighed the economic impact of elevated oil prices driven by the Iran war..
UK's benchmark FTSE 100 closed up by 0.58percent, Germany's Dax ended up by 0.76 percent, France’s CAC finished the day up by 0.35 percent.
The S&P 500 and Nasdaq advanced on Wednesday, supported by gains in artificial intelligence-related technology stocks, as investors largely brushed off hotter-than-expected inflation data and rising expectations that the Federal Reserve will maintain its restrictive policy stance for longer.
Dow Jones closed down by 0.14percent, S&P 500 closed up by 0.58 percent, Nasdaq settled up by 1.20 percent.
Commodities Recap
Oil futures declined as investors worried about possible U.S. interest rate hikes due to rising inflation and awaited updates on the summit in Beijing.
U.S. crude settled down 1.14% at $101.02 a barrel and Brent settled at $105.63 per barrel, down 1.99% on the day.
Gold prices slipped for a second session on Wednesday as war-driven inflation concerns weighed on expectations for interest rate cuts, with markets also watching the upcoming meeting between U.S. President Donald Trump and Chinese leader Xi Jinping.
Spot gold was down 0.6% at $4,686.35 ?per ounce at 1:59 p.m. EDT (1759 GMT). U.S. gold futures settled 0.4% higher at $4,706.70.